If you’ve watched live television for any length of time in the past couple of decades, there’s a very good chance you’ve heard about bundling your insurance. A lot of the top insurance providers advertise their bundle options because it’s a great way for them to attract customers, but it’s also a great way for you to save money! Most providers will offer discounts when you bundle home and auto insurance, which can be a fantastic lifeline — especially with the rising cost of premiums these days. Today we’re going to take a look at why bundling is such a great idea if you want to save on your insurance.
What Does It Mean to Bundle?
For starters, we should explain what it means to bundle. A lot of insurance purchasers will end up buying both automotive and homeowners insurance to cover both their home and vehicle. Bundling is when you purchase both of those policies – or more depending on your needs and what the provider has to offer – from the same insurance company, combining these policies into one cohesive plan.
The alternative would be to get separate policies from different providers, which might be the play if one has more affordable auto insurance and another has better home coverage. However, thanks to bundling, you’re almost always going to be better off getting all of your policies from one company.
Financial Perks of Bundling
Obviously the most immediate and attractive benefit of bundling your home and auto insurance together is the potential for significant savings. Actual discounts and offers will naturally vary from provider to provider, but generally speaking you could lower your premiums by as much as 20% — or maybe even more! And the upfront premium discounts aren’t necessarily the end of the savings either, as bundling opens up insurers to offer additional cost-saving opportunities like waiving fees or lowering deductibles.
Simplified Coverage, Streamlined Service
The second most obvious benefit of bundling is that your service and coverage are going to be streamlined and simplified. Less paperwork, fewer billing statements, one point of contact, et cetera — your life is complicated enough, don’t let your insurance add onto the pile. To use a specific situation as an example, imagine both your home and vehicle are damaged in a hailstorm. Thanks to having your policies bundled, you’ll be able to take care of the claims process much more quickly and easily thanks to having that single point of contact.
More Than Just Savings
There’s something incredibly reassuring about knowing your coverage is working together. Bundling can help eliminate coverage gaps and duplication, ensuring that all your bases are covered. It’s a proactive approach that not only saves you money, but safeguards your financial future. Plus, bundling makes it a lot easier to review and adjust your coverage if and when you need to make a change, because once again everything is handled in one place with one contact.
As you can see, bundling your home and auto insurance is an incredible way to save not just money but time and headaches as well. If you’ve currently got multiple policies from multiple providers, it might be time to reassess and consider bundling, especially if you have even more than just standard home and auto insurance. Many providers will allow you to bundle not just home and auto, but also renters, condo, life, motorcycle, boat, RV and sometimes even umbrella insurance.
If you think it’s time to explore the idea of bundling your insurance policies, get in touch with us right here at Glover Family Independent Insurance. We’d love to help you consolidate your insurance and maximize your savings.
